Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
The Caspian Sea Crisis Widens the Oil Price Gap
The Brent-WTI crude spread has ballooned to nearly $8 a barrel, the widest in months. Lucas and Luna examine how Ukraine's strike on Iranian vessels in the Caspian Sea is driving a geopolitical risk premium into global oil benchmarks—and why that's pulling Brent toward $97 while WTI lags near $89. They look at the impact on Caspian Pipeline Consortium exports, gasoline prices hovering at $4 a gallon, and the curious fact that inflation expectations are actually falling. Is this spike temporary, or does the Caspian disruption signal a deeper shift in oil trade routes? A tight…
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